United Breweries (BOM:532478) E10: ₹ (As of Jun. 2026)

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BOM:532478 United Breweries Ltd BOM:532478
77 GF Score
Price ₹1,248.95
GF Value ₹2,214.12
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is United Breweries E10?

United Breweries BOM:532478 +2.73% 77 E10 is ₹ as of Jun. 2026. GuruFocus rates BOM:532478 with a GF Score™ of 77/100 and a GF Value™ of ₹2,214.12 (Significantly Undervalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

United Breweries's adjusted earnings per share data for the three months ended in Jun. 2026 was ₹6.291. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is for the trailing ten years ended in Jun. 2026.

During the past 12 months, United Breweries's average E10 Growth Rate was 2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

As of today (2026-09-20), United Breweries's current stock price is ₹1248.95. United Breweries's E10 for the quarter that ended in Jun. 2026 was . United Breweries's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of United Breweries was 137.57. The lowest was 73.78. And the median was 116.17.


United Breweries  (BOM:532478) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of United Breweries was 137.57. The lowest was 73.78. And the median was 116.17.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


United Breweries E10 Related Terms


United Breweries E10 Historical Data

* Premium members only.

The historical data trend for United Breweries's E10 can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Breweries E10 Chart

United Breweries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
E10
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United Breweries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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BOM:532478 vs STZ, TAP: E10 Comparison

For the Beverages - Brewers subindustry, United Breweries's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Breweries Shiller PE Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where United Breweries's Shiller PE Ratio falls into.


BOM:532478
77GF Score
United Breweries Ltd BOM:532478
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Breweries E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, United Breweries's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.2907/167.3573*167.3573
=6.291

Current CPI (Jun. 2026) = 167.3573.

United Breweries Quarterly Data

per share eps CPI Adj_EPS
200603 45.521 0.000
200903 56.615 0.000
201006 66.560 0.000
201009 68.473 0.000
201403 91.425 0.000
201603 102.518 0.000
201803 109.786 0.000
201806 8.402 111.317 12.632
201809 6.167 115.142 8.963
201812 4.135 115.142 6.010
201903 4.035 118.202 5.713
201906 6.226 120.880 8.620
201909 4.344 123.175 5.902
201912 4.035 126.235 5.349
202003 1.573 124.705 2.110
202006 -4.327 127.000 -5.702
202009 0.140 130.118 0.180
202012 4.795 130.889 6.131
202103 3.674 131.771 4.666
202106 1.168 134.084 1.458
202109 3.040 135.847 3.745
202112 3.434 138.161 4.159
202203 6.180 138.822 7.450
202206 6.130 142.347 7.207
202209 5.070 144.661 5.865
202212 -0.075 145.763 -0.086
202303 0.371 146.865 0.423
202306 5.152 150.280 5.737
202309 4.057 151.492 4.482
202312 3.228 152.924 3.532
202403 3.071 153.035 3.358
202406 6.564 155.789 7.051
202409 4.999 157.882 5.299
202412 1.452 158.323 1.535
202503 3.690 157.552 3.920
202506 6.954 159.755 7.285
202509 1.759 162.289 1.814
202512 3.064 163.281 3.140
202603 3.849 164.272 3.922
202606 6.291 167.357 6.291

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ₹ mean?
United Breweries (BOM:532478) has a E10 of ₹ as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Breweries and its competitors.
Is United Breweries' E10 too high?
United Breweries' current E10 is ₹. Overall, United Breweries has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' E10 compare to STZ and TAP?
United Breweries' E10 of ₹ can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Beverages - Alcoholic company?
A good E10 depends on the Beverages - Alcoholic industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Breweries and its competitors. United Breweries's current E10 is ₹. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (BOM:532478) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,214.12, compared to a current price of ₹1,248.95 — trading 43.6% below its estimated fair value. The current E10 is ₹. United Breweries' overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For United Breweries (BOM:532478), the current E10 is ₹ as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Breweries (BOM:532478) Overvalued in 2026?

Based on GuruFocus' analysis, United Breweries stock appears to be undervalued. The current stock price of ₹1,248.95 is trading 43.6% below its estimated GF Value™ of ₹2,214.12. GuruFocus considers United Breweries to be Significantly Undervalued.

Key valuation signals for BOM:532478:

  • E10:
  • GF Value™: ₹2,214.12 vs. price of ₹1,248.95 (43.6% below fair value)
  • GF Score™: 77/100 with 4 warning signs

No single metric tells the full story. See the BOM:532478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Breweries Business Description

Other Exchanges UBL:India
Address No. 24, Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560001
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
77GF Score

Get the complete analysis for BOM:532478

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,248.95
Price
₹2,214.12
GF Value